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Ethiopia

A client uses an automated teller machine (ATM) at the Commercial Bank of Ethiopia in Addis Ababa

Ethiopia: Investment bank law may herald creation of stock exchange

Ethiopia has been progressively opening its banking sector since 2016. As the country moves ahead with its liberalisation process under Abiy ... Ahmed’s leadership, the pace of reform has picked up. But with the recent flop of telecom privatisation; partly because of fears around security, will financial sector opening fare differently? The fate of investment banks will be closely linked to moves to open an Ethiopian Stock exchange, and the wider privatisation process.